Posting this for a friend.
A friend of mine opened a double cash card today. He wants to do a balance transfer from his Freedom card. He currently owes Chase ~$2,500 and the new Citi Card has a CL of $1,100.
I have the following questions:
1. Whats the likelyhood that he can call and get his CL raised once he gets the card ??
2. Are there ANY small payments due on the balance transfer offer during the promotional period, i.e. is there some sort of small amount that he has to pay monthly to just show he's servicing the new balance or is it truly no interest/payments for 15 months??
3. I know it says that balance transfers need to be done within 4 months, could he in theory do the transfer of $1,100 from his freedom account and then concentrate paying that down during the first 4 months and then before the 4 months are over move over more of the old balance to the Double Cash before the 4 month period is over? Or is only one balance transfer allowed?
Appreciate the input. TIA!
note you cannot utilize the entire CL for BT.
That I am not sure. From my past experince, seems around 50% of CL is avilable for BT. Maybe somewhat different for different individual, lender, etc.